On Tuesday, Dec. 7: No market movers.
There are 11 days before the December options expire, 46 the January and 74 the February.
On the jump, market stats, econ reports, and the trading calendar . . .
Stats
Blue chip stocks (SPY) closed the latest regular session down 0.1% from the prior close. During the day SPY traversed 0.4% in a net move up of 0.1%.
The day's extremes: Open $122.63, high $123.04, low $122.50, close $122.77.
SPY traded entirely within the DeMark pivots. The next DeMark pivots are $122.64-$123.18.
In total, 2.4 billion shares were traded on the three major U.S. stock exchange, 10% fewer than on the prior trading day.
Five-year bond yields imply inflation at 1.75%, down 2 basis points from the prior trading day.
Econ reports:
A quiet day for economics reports.
There are two retail reports -- the ICSC-Goldman store sales at 7:45 a.m. Eastern and the Redbook report at 8:55 a.m. -- and the consumer credit report at 3 p.m.
Trading Calendar:
By my rules, at this point in the cycle I can trade January vertical and calendar spreads, and February straddles, calls and puts. And of course, shares are good at any time.
What I'm looking for:
Click here for stocks on my watchlists.
Good trading!
No comments:
Post a Comment